Oasis Petroleum (NYSE:OAS) posted its quarterly earnings results on Tuesday, February 27th. The energy producer reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.07, Bloomberg Earnings reports. The business had revenue of $404.47 million for the quarter, compared to the consensus estimate of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%.

Oasis Petroleum (NYSE:OAS) traded up $0.06 during trading hours on Wednesday, hitting $8.29. The company had a trading volume of 7,009,030 shares, compared to its average volume of 9,347,778. Oasis Petroleum has a 12-month low of $6.69 and a 12-month high of $15.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.62 and a current ratio of 0.65. The firm has a market capitalization of $2,620.17, a PE ratio of 16.26 and a beta of 2.20.

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Several analysts have weighed in on the company. Zacks Investment Research upgraded Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. UBS Group initiated coverage on Oasis Petroleum in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $9.00 target price on the stock. TheStreet upgraded Oasis Petroleum from a “d+” rating to a “c” rating in a research note on Wednesday, February 28th. ValuEngine downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Finally, SunTrust Banks set a $9.00 target price on Oasis Petroleum and gave the stock a “hold” rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

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Oasis Petroleum Company Profile

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.